New Tax System Formed

Did you know that on July 1, 1862, President Lincoln signed into law a Civil War revenue measure that would pave the way to the beginning of the Internal Revenue Service or IRS? The law levied internal taxes in a bid to handle Civil War expenses. It also formed a permanent internal tax system.

Taxes today are an integral part of financial planning. Taking into consideration estimated taxes on income and revenue plays a major role in establishing and maintaining a budget. As a Choice Insurance Agency client, you gain free access to FreedomU, a resource and tool dedicated to helping you succeed financially. Have you explored it?

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